Pyrophyllite Ore Market Analysis

The refractory application segment is set to record nearly USD 14 million by 2032. The growth can be attributed to the robust ability of pyrophyllite to convert into mullite to further help in producing relatively low-cost refractories. This is mainly because mullite can withstand higher temperature ranges of up to 1,810°C. The increasing number of mineral refractories worldwide has led to the higher adoption of pyrophyllite ore considering its purity, hence making it a vital source for alumina and silica in high temperature formulations. The strong resistance to chemical attacks by multiple silicates and gas oxides will further escalate the pyrophyllite demand in refractory applications, in turn accelerating the market statistics.
 

The pyrophyllite ore market from the high-grade segment is expected to observe over 6.5% CAGR through 2032. High-grade pyrophyllite ore is extensively used across a gamut of industries as it offers the benefits of low impurities. Some of its prominent applications include refractory, ceramic, pesticides, foundries. fibreglass, fertilizer, plastic, paper, paint, rubber, and cement verticals. The rising adoption of high-quality finely ground pyrophyllite in paints as pigment extenders and suspending agents will also complement the product preference.
 

Asia Pacific pyrophyllite ore market is estimated to reach USD 63 million by 2032 owing to the significantly expanding agriculture sector in the region. Pyrophyllite is extensively popular in the agricultural domain as it acts as a carrier for fertilizers and pesticides. The rapidly expanding population in APAC has led to the significant developments in the agricultural sector to meet the surging food requirements, thereby increasing the demand for fertilizers.
 

According to NITI Aayog, the total consumption of fertilizers from April to mid December 2022 reached 40.146 Lakh Metric Tonnes (LMT) in India, with production at 32.076 lmt. The growing government support for reinforcing the local manufacturing of fertilizers to reduce the dependency on imports will also influence the regional agricultural growth, thereby driving the industry development.